{"id":264509,"date":"2025-06-17T11:20:34","date_gmt":"2025-06-17T07:20:34","guid":{"rendered":"https:\/\/armbanks.am\/?p=264509"},"modified":"2025-06-17T14:57:39","modified_gmt":"2025-06-17T10:57:39","slug":"converse-bank-partners-with-ifc-to-boost-trade-finance-capabilities","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2025\/06\/17\/264509\/","title":{"rendered":"Converse Bank Partners with IFC to Boost Trade Finance Capabilities"},"content":{"rendered":"\n

YEREVAN, June 17. \/ARKA\/. <\/strong>Converse Bank has secured trade finance line from the International Finance Corporation (IFC). The agreement was signed on June 16 in Vienna by IFC’s Regional Industry Manager, Financial Institutions Group, Europe, Etleva Koka and Converse Bank’s CEO, Chairman of the Executive Board Andranik Grigoryan. It aims at strengthening Bank\u2019s support for importers and exporters in Armenia and enhancing the Bank\u2019s capacity to facilitate international trade, improve access to global markets, and provide better financing solutions for its customers involved in trade worldwide.
The collaboration reflects Converse Bank\u2019s commitment to fostering economic growth through expanded trade opportunities and improved risk management.<\/p>\n\n\n\n

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 \u201cWith this new collaboration, IFC becomes one of Converse Bank\u2019s key strategic partners in trade finance,\u201d said Andranik Grigoryan, CEO, Chairman of the Executive Board of Converse Bank. \u201cWe are confident that this cooperation will enhance the Bank\u2019s presence in the international trade finance market and position us as a trusted financial partner for businesses seeking to expand globally. This, in turn, will contribute to the development of Armenia\u2019s business environment and economy.\u201d
An IFC representative emphasized the organization\u2019s ongoing efforts in Armenia in partnership with the local banking sector. These include also support for micro, small, and medium enterprises (MSMEs), initiatives to empower women entrepreneurs, as well as programs focused on green financing.<\/p>\n\n\n\n

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\u201cThis new partnership with Converse Bank aims to strengthen trade finance in Armenia, a critical driver of economic growth and job creation,\u201d said Etleva Koka, IFC’s Regional Industry Manager, Financial Institutions Group, Europe. \u201cBy expanding access to global markets and supporting local businesses, this collaboration underscores IFC\u2019s commitment to supporting Armenia\u2019s sustainable development and economic resilience.\u201d
Worth to be noted, this is the second cooperation agreement signed with Converse Bank in recent months. Under the previous agreement signed late last year, IFC provided an unfunded risk sharing facility that covers 50% of the credit risk on a loan portfolio of US$ 10 million equivalent, enabling Converse Bank to expand its lending capabilities to SMEs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Converse Bank has secured trade finance line from the International Finance Corporation (IFC)<\/p>\n","protected":false},"author":5,"featured_media":264496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[],"class_list":{"0":"post-264509","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/264509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=264509"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/264509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/264496"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=264509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=264509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=264509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}